President Nana Addo Dankwa Akufo-Addo is optimistic that Ghana’s economy will bounce back from next year as a result of some positive gains in the last few weeks.
He said with continued prudence in the management of the economy, the nation will bounce back in the new year.
“Over the last three years, we have been confronted with our own captivity in Babylon moments. We had to ride turbulent storms and we were faced with the unknown,” President Akufo-Addo said in a Christmas address on December 24, 2022.
“I am happy that in spite of it all, we are beginning to emerge out of the difficulties which encourages me to say that with hard work, dedication and continued prudence in the management of the affairs of our nation, we will rise up again,” the President added.
He called on Ghanaians to live responsibly and extend support to the needy and poor.
“I urge all of us, to celebrate the season safely and responsibly, if you are in a more fortunate position, remember to lend a helping hand to those who are in need, let each one of us do our bit to help feed those who are hungry and offer comfort to those who are in distress,” President Akufo-Addo added.
Source: dailyguidenetwork.com
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The economy of Ghana has a structural problem that dates back to our independence and even deep into the colonial era. Hitherto, we imported the majority of our subsistence needs from our colonial masters and traded raw materials without adding value to them. How can you stabilize your currency when you create employment outside your country? The strength of your currency is determined or backed by your level of production and rendering of services in the inbound economy. I believe most Ghanaians would agree with me that the NPP administrations (including Kufuor's) have so far made concerted efforts to transform the colonial Guggisberg economy. Specifically, the ongoing transformation of the railways, educational system, industrialization, and formalization of the informal economic activities by leapfrogging with new technology, or "digitalization," clearly shows that Ken Ofori-Ata is one of the best finance ministers Ghana has had. Despite the COVID pandemic and the Ukraine war, impressive results have been made. In Ghana's history, the cedi has never depreciated and has appreciated during the same period, with a tendency to even trend downward.
This is serious. Please who has captured us? Is it not rather a self capture? Transport fares, food prices, fuel prices, even sachet water, prices of public toilets, electricity and water have all been captured. No wonder Christmas 2022 passed un noticed. You won't believe today is Boxing Day, the hands that use to give have all become needy. Christmas greetings on group what's app platforms have all vanished this year, unprecedented . Ghana's economy is truly in captivity. The interesting thing is nobody knows who has captured the country. Maybe we have captured ourselves. It reminds us of the slavery. The blacks who were strong sold their own weak black brothers and sisters into slavery. The white man didn't chase and catch any black men as slaves. If someone tells you he bought this grass cutter it means someone else caught it and sold to him. You can't catch a grass cutter by yourself and sell it to yourself . I strongly believe Ghanaians have captured themselves. The one speaking on is right. I doubt whether a days support to the need and hungry could feel their bellies for the rest of their lives. Looking at the natural resources gifted this country by God, every day should have been Christmas for every Ghanaian, unfortunately we have and continue to squander what we have. Leadership is Ghana's bane. Economists keeps telling us how much each Ghanaian owes if they were to divide our debts equally among the citizens. Question then is if you divide the sought after 3 billion dollars equally among the 30 million population how much will each Ghanaian get. Can 100 dollars sustain one for a week in today's Ghana? Asem ooooo. So did we go or did we come?